Insider Selling: Limbach Holdings, Inc. (NASDAQ:LMB) Director Sells 500,000 Shares of Stock

Limbach Holdings, Inc. (NASDAQ:LMB) Director Larry G. Swets, Jr. sold 500,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $12.85, for a total transaction of $6,425,000.00. Following the completion of the sale, the director now owns 10,000 shares in the company, valued at $128,500. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Limbach Holdings, Inc. (LMB) traded up $0.45 on Wednesday, hitting $13.84. 11,800 shares of the stock traded hands, compared to its average volume of 15,515. The company has a market cap of $99.83 and a PE ratio of -19.49. Limbach Holdings, Inc. has a one year low of $11.14 and a one year high of $15.22. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.64.

An institutional investor recently bought a new position in Limbach stock. Arbor Wealth Management LLC bought a new stake in Limbach Holdings, Inc. (NASDAQ:LMB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,281 shares of the construction company’s stock, valued at approximately $220,000. Arbor Wealth Management LLC owned approximately 0.22% of Limbach at the end of the most recent quarter. Institutional investors own 22.64% of the company’s stock.

Several brokerages have recently weighed in on LMB. Zacks Investment Research cut shares of Limbach from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Roth Capital set a $18.00 price target on shares of Limbach and gave the stock a “buy” rating in a research note on Monday, November 13th.

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Limbach Company Profile

Limbach Holdings, Inc provides commercial specialty contractor services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of HVAC (heating, ventilation, and air-conditioning), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.

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